Ting Hsin and Foxconn said to have both submitted offers for APT

8 May 2014

Following rumours earlier this week that Hon Hai Precision Industry Co Ltd (Foxconn) was considering a bid for a stake in Taiwanese multi-service operator Asia Pacific Telecom (APT), Reuters reports that both it and Ting Hsin International Group have made competing offers for the telco. Citing a source with ‘direct knowledge of the matter’, it has been suggested that Ting Hsin could look to merge its telecom arm with APT.

All three of APT, Taiwan Star and Foxconn were successful in acquiring 4G-suitable spectrum in the state’s October 2013 spectrum auction. As previously reported by CommsUpdate, following the conclusion of the sale process it was confirmed that Ambit Microsystems Corp, backed by Hon Hai, had claimed a total of 20MHz (‘A3’ block in the 700MHz band and ‘B3’ block in the 900MHz band) for a total of TWD9.18 billion (USD312 million), while Asia Pacific Telecom paid TWD6.415 billion for a 10MHz block in the 700MHz band (block ‘A1’) and Ting Hsin-owned Taiwan Star Cellular secured the 10MHz ‘B1’ block in the 900MHz band at a cost of TWD3.655 billion.